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What is the Expected Growth Rate of the Veterinary Excipients Market from 2024 to 2033?
The veterinary excipients market is set to grow from $0.89 billion in 2023 to $0.94 billion in 2024, achieving a CAGR of 5.4%. Key growth drivers include rising pet ownership, advancements in veterinary medicine, increased demand for animal protein, higher pet healthcare spending, and improved animal healthcare infrastructure.

The veterinary excipients market is expected to see strong growth, projected to reach $1.18 billion by 2028 at a CAGR of 5.7%. Growth is attributed to a focus on animal welfare, rising pet insurance coverage, increasing prevalence of zoonotic diseases, expansion of the veterinary pharmaceuticals market, and the emergence of novel excipients. Key trends include personalized medicine for animals, adoption of natural excipients, integration of digital health solutions, innovation in veterinary health, and technological advancements.

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What Key Factors Are Fueling the Growth of the Veterinary Excipients Market?
The increase in zoonotic diseases is likely to enhance the veterinary excipients market. These diseases can be transmitted from animals to humans and are rising due to factors like climate change and poor sanitation. Veterinary excipients help formulate medications for these diseases, ensuring efficacy and safety. A report by the European Union One Health noted a significant increase in human West Nile virus infections in 2022. Therefore, the rise in zoonotic diseases is driving the veterinary excipients market.

What Are the Major Segments of the Veterinary Excipients Market?
1) By Chemical Group: Polymers, Alcohols, Lipids, Mineral Salts, Other Chemical Groups
2) By Animal Type: Companion Animals, Production Animals
3) By Functionality: Fillers, Binders, Disintegrants, Glidants, Lubricants, Bulking Agents, Buffering Agents, Tonicity Adjusting Agents, Preservatives, Other Functionalities
4) By Application: Biologics, Pharmaceuticals, Medicated Feed Additives

What New Trends Are Transforming the Veterinary Excipients Market?
Companies are introducing innovative products such as VitiPure excipients to meet the rising demand in veterinary health. Launched by Clariant in October 2023, VitiPure excipients enhance the stability and solubility of active pharmaceutical ingredients (APIs), supporting various applications, including mRNA vaccines.

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Which Regions Are Driving Growth in the Veterinary Excipients Market?
North America was the largest region in the veterinary excipients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary excipients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Veterinary Excipients Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the veterinary excipients market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Veterinary Excipients Market Include

1. Veterinary Excipients Market Executive Summary
2. Veterinary Excipients Market Segments
3. Veterinary Excipients Market Size And Template Market Growth Rate
4.  Key Veterinary Excipients Market Trends
5. Major Veterinary Excipients Market Drivers
……
25. Key Mergers And Acquisitions In The Veterinary Excipients Market
26. Top Veterinary Excipients Companies
27. Veterinary Excipients Market Opportunities And Strategies
28. Veterinary Excipients Market, Conclusions And Recommendations
29. Appendix

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